WSJ's Liam Denning pulls a chair on Mean Street to examine OPEC's production levels, which are their highest levels since 2008, and the potential impact on the price at the pump. Photo: Reuters.

This transcript has been automatically generated and may not be 100% accurate.

... the ... all all all all really take image lacking in the last week Liam Denning ... her on the Street ... is that ... her ... it's the word of the price of oil OPEC ... just can't sit atop a lot of oil yet they sit atop a lot of oil to Quantum quote he has stabilized of Anders supply via the face of all Iranian uncertainty are the top of low as they want to read it is for themselves ... well call him a target there was planning gained its marine ... unit on a tight market shipments to keep the price line with a price for an appraisal well right now with the ten ninety seven ninety seven rested on dancing ... it'll be super cycle to ours was a ... fifty dollars a barrel that was the duty ... was over the oil and the six months or so ago ... although all been told to making the runs out of the posse easily time sites with ... some ... optimism about the economy or some optimism that Europe is going to fix problems for some kind of risk out there usually ... rock on another mom and I think that the accomplice of factors that help to bring down ... oil one was actually ... as a slight change in on how ... the hell was speculates is the eighth of March and on the CME soul actually ... made the call before them and I think not force of selling last week ... but I think in general you know the runners come come off the boil at least for now ... um OPEC is definitely pumping one and its effective leader but that Saudi Arabia's been ... very vocal in saying that it wants for prices to come down not to crash ... I think that follow antidote underlining from Number err ok the you know that ... the best of all worlds I should be a bit about this the price were to write a right to deny it ... what depends on the yuan I think Saudi Arabia are ... like soil around the town of ninety dollars a hundred dollars level because it enables them to balance the budget ... and I was added to the Saudi public budget in the high population growth the public budget ... um it enables them to son to present themselves as a good ally the US ... on it to keep oil in a relatively stable ... and it also puts pressure on the big kid political rival ... and run because countries like Iran and ... Venezuela they wanna hire ... exactly because they had their budgets and fall foliage shake the national companies or Cyprus and drums as a really neat oil prices to make ... budgets balance as those on the way Russia which is in and out ok we are in early May ... I'm getting ready for the state of ... were seeing price increases as the run-up to the summer driving season when I heard that story and I ... am not a surprise because that's the story the media likes to play ... yet all were seen prices go up over him to get the oil analyst Ali got this upward run yet not that you ... know what it's and it's only like what happened last year actually has a big run-up in oil prices early on in the year ... and income ninety everyone decided actually ... there was a pretty short sleeves and the economy might be improving but it's not great not much ... of Europe is still off the boil but nothing suffered a run yet ... we saw prices would come down last night and it looks on signs that something that store you Liam Denning tell our viewers as we speak ... that ... there would have to worry about ... price of gas going over four bucks a barrel ... four bucks a gallon this summer ... I guess wad saying is a great OPEC may be doing present a bomb or they